Wealthy tax avoiders are being charged increasingly high exit taxes
- To prevent wealthy residents from leaving, countries are introducing exit taxes.
- Some wealthy people change their minds or get stuck because of it, for example if there are a lot of illiquid assets.
- The idea is that anyone who does leave will at least pay a fair contribution.
More and more wealthy Europeans leaving their country are faced with a (higher) exit tax, in order to discourage the flight to tax havens. Norway takes the lead with a rate of 38%. Italy, on the other hand, sees many wealthy people coming: 'Milan is lively, international and the business climate is very similar to London.'
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